Venezuelan President Nicolas Maduro said that Russia’s top oil producer, Rosneft (ticker: RNFTF), agreed to invest around $14 billion in the South American OPEC country’s oil and gas sector. Maduro met with Rosneft …
The Organization of Petroleum Exporting Countries (OPEC) is scheduled to meet for the first time in 2015 on June 5 in Vienna. Assumptions point to the meeting being a terse exchange between the 12 members in an attempt to fulfill …
Ed Gilligan, the American Express Co. president viewed as a possible successor to Chief Executive Officer Kenneth I. Chenault, died Friday after becoming ill on an overseas flight to New York. He was 55.
Gilligan was returning from a business …
Cushing, Oklahoma, is the delivery point for United States West Texas Intermediate crude oil (WTI) traded on the New York Mercantile Exchange (NYMEX) and plays a large part in setting the price of crude oil in the U.S.
Storage at …
Unit Corp. (UNT) is Trading Lower on Unusual Volume for May 29
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The total number of rigs in the United States fell to 875 in the week ended May 29, 2015, according to the most recent numbers released by Baker Hughes …
More than $3.2 billion in capital raises were either announced or closed this week by three separate oil and gas companies. The largest raise comes from SandRidge Energy (ticker: SD) at a price of $1.25 billion of 8.75% senior notes, …
VAALCO Energy To Participate In 2015 RBC Capital Markets Global Energy And Power Executive Conference
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The government’s revised estimate for first quarter growth was revised down to -0.7% growth from 0.2% growth. The U.S. economy shrank in the first three months of the year …
Demand for skilled labor in the U.S. chemicals industry is expected to peak in April 2016, according to Daniel Groves, workforce director at the construction Users Roundtable …
The Department of Energy yesterday announced a conditional authorization for the Alaska LNG project to export to countries without a Free Trade Agreement (FTA) with the United States. Alaska LNG is authorized to …
Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses to finish at a one-week low. Meanwhile Japan’s Nikkei 225 was the “quiet achiever” for the day, according to experts, after eking out marginal gains
Petrobras informs that the drilling of the second well in Carcará area (Block BM-S-8), located at Santos Basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs.
The well 3-SPS-105 (Petrobras nomenclature), informally known as Carcará North, is located …
SandRidge Energy, Inc. (the “Company”) (SD) has priced its previously announced private offering of $1 billion in aggregate principal amount of senior secured notes due 2020 (the “Notes”). The offering size was increased to $1.25 billion from $1.0 …
SandRidge Energy, Inc. Updates Shareholders on Enhanced Liquidity and Improved Flexibility
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Following the National Association of Publicly Traded Partnerships (NAPTP) conference in Orlando, Florida, last week, industry analysts are signaling cautious optimism over the future of the MLP market. Although the road ahead looks …
The Energy Department announced today that it has issued a conditional authorization for the Alaska LNG Project, LLC (Alaska LNG) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with …
SandRidge Energy, Inc. Prices Upsized Offering of $1.25 Billion of 8.75% Senior Secured Notes
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Yuma Energy (ticker: YUMA) is one of the companies leading the technological approach on the exploration front of the oil and gas industry. Since its predecessor was founded in 1983, …
Electricity generation from coal decreased in all regions of the country in March compared to the previous year, while electricity generation from natural gas increased in …
Story by the Chicago Tribune
Don’t make anyone angry today if you use an iPhone: They might send you a text that crashes your phone, in care of a newly discovered iPhone bug.
The culprit is a short string of …
MarkWest Energy Partners, L.P. (MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (together with the Partnership, the “Issuers”) announced today that, subject to market conditions, they intend to commence a public offering (the “offering”) of $1,200,000,000 …
PEDEVCO Corp. d/b/a Pacific Energy Development(NYSE MKT: PED) (the “Company”), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., confirmed today that it is in talks with a couple of parties …
Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy”), a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, announced that Mr. Lynn Peterson has joined the executive team at Synergy as President of the company. Mr. Peterson …
SandRidge Energy, Inc. (the “Company”) (SD) announced today the commencement of a private offering of $1 billion in aggregate principal amount of senior secured notes due 2020 (the “Notes”). The Notes will be secured on a second lien …
CRUDE OIL INVENTORY/’000 bbls (Week Ended 5/22/15)
Current: 479,363
Actual Build/(Withdrawal): (2,802)
Economist Average Estimate: (1,200)
Previous: 482,165
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports.
Important disclosures: The …
NATURAL GAS INVENTORY (Week Ended 5/22/15)
Current: 2,101 Bcf
Actual Injection/(Withdrawal) per EIA: 112 Bcf
Economist Average Estimate per Bloomberg: 102 Bcf
Previous: 1,989 Bcf
SandRidge Energy, Inc. Announces Private Offering of $1.0 Billion of Senior Secured Notes
…Story by the Associated Press
Exxon Mobil shareholders overwhelmingly rejected several environmental resolutions including proposals to put a climate-change expert on the board and set goals for greenhouse-gas emissions.
At the oil giant’s annual meeting Wednesday in Dallas, CEO Rex …
